MANILA, Philippines — Consumer price growth likely eased for the third straight month in November to return within the government’s target, giving the Bangko Sentral ng Pilipinas more reasons to keep its ultra-loose monetary policy settings. In a statement released Monday night, the BSP said it projects inflation to settle between 3.3-4.1% range this month […]
Read MoreMANILA, Philippines — The emergence of a new COVID strain has raised a red flag after the World Health Organization (WHO) classified Omicron as a “variant of concern,” according to private economists. ING Bank Manila senior economist Nicholas Mapa said the panic displayed in the last few days underscores how fragile the global recovery is […]
Read MorePhilippine Airlines will have one additional flight next month to cater to Filipino expats who want to spend the holiday season with their loved ones in the Philippines. PAL announced earlier that it will resume its direct flights to Phnom Penh starting next month. But only one flight was listed for the entire December. But […]
Read MoreMANILA, Philippines — Salary increases in 2022 are expected to be unchanged among Philippine companies and would be below regional average as local employers continue to grapple with pandemic disruptions, a new survey released Monday found. A poll by New-York based asset management firm Mercer found that pay hikes in local companies will likely stay at […]
Read MoreMANILA, Philippines — The country is being urged to rethink its cyber defense strategies as cyber attacks are not seen slowing down any time soon, and are expected to further increase in the years to come. Angel Redoble, PLDT and Smart chief information security officer, said the number and size of data being stolen every […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing the changes to the licensing prudential criteria in view of the deployment next year of a more forward-looking rating system in assessing the compliance of banks and other financial institutions in mitigating business risk. The regulator has circulated a draft circular on the amendment […]
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